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- 1 LEO crypto price is currently trading at $3.85200000 with a rise of 1.37% in the last 24 hours.
- 2 LEO has a current market cap of $3.579 Billion.
LEO price prediction suggests that the LEO crypto is presently moving in an uptrend after breaking out of the bear’s stronghold. The price is trading above the critical EMAs on the daily time frame. The volume declined slightly which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, it could surge up to the $4.19 level within the next few weeks, whereas the immediate support level for the LEO token is around $3.65. The price movement is relatively more stable for LEO crypto than other major cryptocurrencies.
The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.
LEO was $3.85200000 and with a market capitalization of around $3.579 Billion at press time.
LEO price has been in a bull trend for the past few months. After breaking out, LEO crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial demand zone.
Technical Analysis of LEO Crypto Price in 1-D Time Frame
If it can keep this level, the LEO price could continue to rise and reach the first and second targets of $3.95 and $4.19, respectively. However, if the LEO price cannot sustain at this level and falls, then it might hit the closest support levels of $3.65 and $3.52.Currently, LEO crypto is above the 50 and 200-day exponential moving averages (EMAs), which are supporting the price momentum.
However, if buying volume adds up, then the price might show bullish momentum by making higher highs and new highs. Hence, the LEO price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 59.30 points. The 14 SMA is above the median line at 47.68 points which indicates that the LEO crypto is bullish.
The MACD line at -0.00208633 and the signal line at -0.02029804 are below the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the LEO cryptoprice.
Summary
LEO crypto technical oscillators support the bullish trend. The MACD, RSI, and EMAs are emphasizing positive signs and imply that the uptrend may continue in the LEO crypto price. Price action suggests that the investors and traders are bullish on the 1-day time frame. The price action reflects a bullish perspective at the moment. However, investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: $3.65 and $3.52.
- Resistance Levels: $3.95 and $4.19.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
